Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Net Profit Margin since 2019
- Price to Operating Profit (P/OP) since 2019
- Analysis of Debt
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Uber Technologies Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Revenue Trends
- Revenue exhibited a general upward trend from March 2020 to June 2025. Despite fluctuations early in the period, revenue increased markedly from $3,248 million in March 2020 to $12,651 million in June 2025, reflecting a strong recovery and growth trajectory.
- Cost of Revenue
- Cost of revenue, excluding depreciation and amortization, rose consistently over the periods, increasing from -$1,491 million in March 2020 to -$7,611 million in June 2025. The growth in cost closely followed the rise in revenue, indicating increased operational activity and scale, though the increase in costs may pressure margins.
- Gross Profit
- Gross profit fluctuated initially but showed improvement over time, starting at $1,757 million in March 2020 and reaching $5,040 million in June 2025. The growth in gross profit was more moderate compared to revenue growth, indicative of increasing cost pressures.
- Operating Expenses
- Operations and support expenses increased steadily, from -$503 million to around -$696 million by June 2025. Sales and marketing expenses varied but generally increased, peaking sporadically and ending slightly lower than mid-period peaks. Research and development costs followed a moderate upward trend, from -$645 million to -$840 million, showing continued investment in innovation. General and administrative expenses fluctuated significantly, with occasional spikes, notably a substantial increase to -$1,209 million in September 2023 and again around December 2024, suggesting some episodic or one-off costs.
- Depreciation and Amortization
- This expense remained relatively stable, oscillating mildly around -$170 to -$260 million, suggesting steady capital asset usage and amortization over the periods.
- Income (Loss) From Operations
- The operational income demonstrated considerable volatility. Initially, losses were substantial, e.g., -$1,263 million in March 2020, reaching improved but inconsistent figures, including positive operational income starting in early 2023, with peaks reaching $1,450 million in December 2025, indicating improving operational efficiency and profitability.
- Interest Expense
- Interest expense remained quite stable across all periods, averaging approximately -$120 million, reflecting relatively consistent debt servicing costs.
- Other Income (Expense), Net
- Significant volatility marked other income (expense), with extreme swings from large negative figures, such as -$5,557 million in March 2022, to positive spikes exceeding $1,800 million later in the period. This suggests notable non-operating gains or losses, likely driven by external factors or one-time adjustments impacting overall profitability.
- Income (Loss) Before Income Taxes and Equity Investments
- The pre-tax income series displayed high volatility with repeated swings between large losses and gains. Initial losses were severe, e.g., -$3,176 million in March 2020 and -$6,168 million in March 2022, but there were recovery phases and positive results such as $2,769 million in September 2024 and $1,504 million in June 2025, showing a trend toward improved overall profitability despite significant fluctuations.
- Provision for Income Taxes
- The tax provision fluctuated with pre-tax profits/losses, occasionally showing benefits when losses occurred and expenses when profits were realized. Notably, an unusual large tax benefit appeared in March 2025 amounting to $6,002 million, indicating a significant tax-related event, possibly deferred tax asset recognition or other effects.
- Income From Equity Method Investments
- Earnings from equity method investments remained comparatively minor and mostly negative or modestly positive, indicating limited contribution to overall income.
- Net Income (Loss) Including Non-Controlling Interests
- Net income was highly volatile, featuring substantial losses early on, transitioning to positive results intermittently from 2021 onward, and achieving significant profits in some quarters, such as $6,901 million in March 2025. The pattern reflects improving financial results but also persisting earnings variability.
- Net Income Attributable to Uber Technologies Inc.
- Net income attributable to the company generally mirrored overall net income trends with large early-period losses and later gains. The figure improved from -$2,936 million in March 2020 to $1,355 million in June 2025, confirming a trajectory from losses toward profitability despite intermittent setbacks.